Castor Maritime Inc (CTRM) Stock Could Soon Reward Patient Investors

Castor Maritime Inc (NASDAQ: CTRM) is 2.86% higher on its value in year-to-date trading and has touched a low of $0.29 and a high of $1.24 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CTRM stock was last observed hovering at around $0.45 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $0.46, the stock is 17.10% and 22.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 0.73% at the moment leaves the stock -8.71% off its SMA200. CTRM registered -2.37% loss for a year compared to 6-month loss of 7.22%. The firm has a 50-day simple moving average (SMA 50) of $0.00 and a 200-day simple moving average (SMA200) of $0.01.

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The stock witnessed a 46.67% gain in the last 1 month and extending the period to 3 months gives it a 7.93%, and is 6.72% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.41% over the week and 8.79% over the month.

Castor Maritime Inc (CTRM) has around 1 employees, a market worth around $44.03M and $140.47M in sales. Current P/E ratio is 0.92. Profit margin for the company is 33.36%. Distance from 52-week low is 59.62% and -63.25% from its 52-week high. The company has generated returns on investments over the last 12 months (8.23%).

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Castor Maritime Inc (CTRM) Top Institutional Holders

The shares outstanding are 96.62M, and float is at 96.51M with Short Float at 0.93%.